Paycom Software, Inc. (NYSE:PAYC) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in Paycom Software, Inc. (NYSE:PAYC) by 575.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 113,500 shares of the software maker’s stock after acquiring an additional 96,697 shares during the period. Wellington Management Group LLP’s holdings in Paycom Software were worth $23,264,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its stake in Paycom Software by 46.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,254 shares of the software maker’s stock valued at $462,000 after purchasing an additional 710 shares during the last quarter. California Public Employees Retirement System raised its stake in Paycom Software by 20.0% during the fourth quarter. California Public Employees Retirement System now owns 84,310 shares of the software maker’s stock worth $17,281,000 after acquiring an additional 14,055 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Paycom Software by 1,153.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 401,889 shares of the software maker’s stock worth $82,375,000 after acquiring an additional 369,825 shares during the last quarter. Allstate Corp acquired a new position in Paycom Software in the fourth quarter valued at approximately $319,000. Finally, DnB Asset Management AS grew its holdings in shares of Paycom Software by 12.5% during the fourth quarter. DnB Asset Management AS now owns 10,839 shares of the software maker’s stock valued at $2,222,000 after purchasing an additional 1,208 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Stock Performance

Paycom Software stock opened at $195.90 on Tuesday. The firm has a market cap of $11.22 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 2.40 and a beta of 0.97. The firm’s 50 day moving average price is $212.58 and its two-hundred day moving average price is $205.59. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. As a group, equities analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Monday, March 10th. Paycom Software’s dividend payout ratio is 16.85%.

Insiders Place Their Bets

In related news, COO Randall Peck sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $212.19, for a total transaction of $763,884.00. Following the completion of the sale, the chief operating officer now directly owns 50,665 shares in the company, valued at approximately $10,750,606.35. This trade represents a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bradley Scott Smith sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following the transaction, the insider now directly owns 28,733 shares in the company, valued at $5,775,620.33. The trade was a 9.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,100 shares of company stock worth $1,476,024. Corporate insiders own 14.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PAYC. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Citigroup reduced their price target on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. KeyCorp raised shares of Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 price objective on the stock in a report on Monday, March 10th. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. Finally, Stifel Nicolaus reduced their price target on Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Twelve research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Paycom Software presently has a consensus rating of “Hold” and an average target price of $212.80.

Paycom Software Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.